The CME's new copper cif Shanghai futures contract could significantly change the way copper consumers make their purchase decisions by allowing them to hedge against exposure, Lord Copper muses. A long time ago, when the world was (to our eyes) a much simpler place, copper producers who sold their metal on the basis of the LME price decided that they should include with that price a premium which...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
The UK's financial markets will all receive a belated festive present on January 3, 2018, a Markets in Financial Instruments Directive II (MiFID II) parcel that, when the wrapping comes off, will contain new regulations and compliance measures. One of these is position limits, which will restrict permissible holdings in a market's instruments, commodities or derivatives. In other words, a ceiling...Read More
Shares of Garibaldi Resources Corp. [GGI-TSXV, GGIFF-OTC] retreated Monday December 11 as investors continued to assess drilling results from its 100%-owned E&L Project at the Nickel Mountain property near Eskay Creek in the Golden Triangle region of northwest British Columbia.On December 8, 2017, the company said Discovery Hole EL-17-14 returned a 40.4-metre mineralized zone, featuring a mass...Read More
The manganese market has been taken by surprise in the past 10 days by an unexpected rebound in low-grade ore prices, largely driven by rising silico-manganese futures prices in China. Much of the increase, which started in the last days of November, was offset by the sharp price dip that immediately preceded it, resulting in a week-on-week price reduction on December 1. Metal Bulletin's 37%...Read More
Vancouver, British Columbia, Canada – Wednesday, December 6, 2017 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that the Company has received a 3-year extension to its Akie Underground Exploration Permit to December 31, 2020.Underground Drill Permit ExtensionWith improving zinc prices and more robust financial markets, the Company feels the timing for ad...Read More
China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More
Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More
Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More
The overly bullish hype around nickel and its future potential in batteries for electric vehicles (EVs), which reached fever pitch at LME Week and drove prices to two-year highs of $13,030 per tonne, is subsiding. It is about time too, because this is a story that will not truly affect the nickel market fundamentals until deep into the 2020s. As a result, nickel...Read More
United States mills have managed to stem the period of falling flat steel prices, as their October price hikes proved to be a success. Mills' announcements targeted $625 per short ton ($689 per tonne) for hot-rolled coil, and by the middle of November spot prices came close to that level, as Metal Bulletin's US domestic HRC index reached $621 per short ton. An increase of $35 per short ton in less...Read More
China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More
Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More
Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More
The overly bullish hype around nickel and its future potential in batteries for electric vehicles (EVs), which reached fever pitch at LME Week and drove prices to two-year highs of $13,030 per tonne, is subsiding. It is about time too, because this is a story that will not truly affect the nickel market fundamentals until deep into the 2020s. As a result, nickel...Read More
United States mills have managed to stem the period of falling flat steel prices, as their October price hikes proved to be a success. Mills' announcements targeted $625 per short ton ($689 per tonne) for hot-rolled coil, and by the middle of November spot prices came close to that level, as Metal Bulletin's US domestic HRC index reached $621 per short ton. An increase of $35 per short ton in less...Read More
China's winter capacity closures are finally upon us. Although some started early the official heating season began on November 15. Our impression thus far is that the market has been disappointed by the scale of the cuts, or at least their affect. That has also been borne out in prices,...Read More
Copper prices have generally been consolidating in a down-trending channel since reaching their latest multi-year high of $7,177 per tonne in mid-October. Trading up here has attracted a combination of profit-taking and forward selling, which is capping the upside. We expect activity to remain choppy as moves down towards $6,700 per tonne have...Read More
Lead prices have been consolidating above $2,400 per tonne and below $2,550 per tonne after the high of $2,621 per tonne in early October. We have recently revised our supply-demand model to deepen the annual deficit this year and the deficit expected in 2018; we now see a cumulative 200,000-tonne shortfall...Read More